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Tech News TL;DR

This week’s IT and tech news in 5-minutes-ish or less

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HEADLINE: 🚨 BREAKING: $10M Bounty on Russian Hackers + Anthropic Hits $183B Valuation While Hackers Deploy AI Weapons

🔐 Cybersecurity

• Zero-Day Nightmare: Hackers Exploiting Sitecore Flaw to Deploy Dangerous Backdoors Threat actors actively targeting legacy Sitecore deployments with WeepSteel reconnaissance malware.

• Education Catastrophe: PowerSchool Sued After Massive Breach Exposed 62 Million Students' Data Texas AG files lawsuit following breach compromising personal information of 62M students.

• Router Crisis: New TP-Link Zero-Day Emerges as CISA Warns of Active Exploitation Multiple router models affected while CISA confirms other flaws being actively exploited.

• Massive Manhunt: US Offers $10M Bounty for Information on Russian FSB Hackers State Department targets three Russian FSB officers behind critical infrastructure attacks.

• Internet Under Threat: Certificate Crisis with Mis-issued 1.1.1.1 Certificates Three mis-issued certificates for Cloudflare's DNS service create potential for massive data exposure.

☁️ Cloud

• Legal Battle: Tesco Sues VMware for £100M, Claims Licensing Issues Could Disrupt Food Supply UK supermarket giant warns lack of support might prevent food from reaching shelves.

• European Pushback: SAP Invests €20B in Sovereign Cloud to Counter US Hyperscalers German software giant creates secure alternative amid American cloud dominance concerns.

• Human Support Dead: IBM Cloud Ends Human Support, Pushes AI Assistants Instead IBM moves to self-service model with AI replacement for human assistance.

• IPO Fever: Cloud Provider Lambda Preparing for Public Market Following CoreWeave's Success GPU rental specialist joins AI computing boom with planned IPO.

• Infrastructure Disaster: Matrix.org Homeserver Crashes After Catastrophic RAID Failure Engineers scramble to restore 55TB database as millions of messages queue up.

💼 Business

• Silent Bloodbath: Oracle's Layoffs Continue with Hundreds Cut in WA and CA Database giant quietly axes 350+ employees with rumors of thousands more worldwide.

• Unicorn Mania: Bret Taylor's Sierra Raises $350M at Staggering $10B Valuation Customer service AI startup reaches massive valuation with hundreds of enterprise clients.

• EV Struggles: Rivian Cuts Staff Again Ahead of Crucial R2 SUV Launch Second workforce reduction this year follows manufacturing division layoffs.

• Crypto Comeback: Stripe Partners with AI Giants to Build New Blockchain for Stablecoins Payment processor teams up with Anthropic, OpenAI for "Tempo" blockchain.

• Privacy Penalty: France Fines Google €325M for Cookie and Gmail Ad Violations French authorities penalize Google for cookie violations and unauthorized Gmail ads.

🤖 Artificial Intelligence

• Bubble Territory: Investors Pour $13B More into Anthropic as Valuation Hits $183B Claude maker's staggering valuation raises serious bubble concerns.

• AI Weaponized: Hackers Using New AI-Powered HexStrike Tool to Exploit Vulnerabilities Faster Criminals leverage AI framework to quickly exploit newly disclosed vulnerabilities.

• Damage Control: OpenAI Announces ChatGPT Parental Controls Following Teen Suicide Lawsuit New protections after reports of vulnerable users being misled.

• Mind-Blowing Tech: Revolutionary AI Model Transforms Photos into Explorable 3D Worlds Open-source tool creates steerable 3D videos from single photos.

• Platform Abuse: X's Grok AI Being Exploited to Spread Malicious Links Attackers exploit X's AI assistant to bypass link posting restrictions.

📦 Misc

• Nostalgia Gold: Microsoft Open-Sources Bill Gates' Original 6502 BASIC from 1978 Historic interpreter that taught millions to program now freely available.

• Cringe Alert: Facebook Attempts to Resurrect "Pokes" Feature for Younger Users Social network adds gamification to revive legacy feature.

• Name Game Chaos: Mark Zuckerberg Sues... Mark Zuckerberg Attorney claims business losses after Facebook disables his profile.

• Windows Woes: Recent Updates Causing App Installation Issues for Non-Admin Users Latest patches creating installation problems across systems.

How 433 Investors Unlocked 400X Return Potential

Institutional investors back startups to unlock outsized returns. Regular investors have to wait. But not anymore. Thanks to regulatory updates, some companies are doing things differently.

Take Revolut. In 2016, 433 regular people invested an average of $2,730. Today? They got a 400X buyout offer from the company, as Revolut’s valuation increased 89,900% in the same timeframe.

No wonder 10K+ everyday people are taking the chance on Pacaso.

Founded by a former Zillow exec, Pacaso’s co-ownership tech reshapes the $1.3T vacation home market. They’ve earned $110M+ in gross profit to date, including 41% YoY growth in 2024 alone. They even reserved the Nasdaq ticker PCSO.

The same institutional investors behind Uber, Venmo, and eBay backed Pacaso. And you can join them. But not for long. Pacaso’s investment opportunity ends September 18.

Invest While You Still Can

_{Paid advertisement for Pacaso’s Regulation A offering. Read the offering circular at invest.pacaso.com. Reserving a ticker symbol is not a guarantee that the company will go public. Listing on the NASDAQ is subject to approvals.}